BPDA celebrates grand opening of the Beverly
Aug 03, 2018
On July 24, the Boston Planning & Development Agency joined other city officials, representatives from the state and Related Beal for the official opening for The Beverly. The Beverly is Downtown Boston’s first new affordable and workforce housing development in more than 25 years. The 239 income-restricted units are only available to individuals, couples and families with qualified incomes. The location offers residents immediate access to several transportation services and is steps away from the downtown Boston neighborhoods.
With its convenience and affordability, Mayor Walsh emphasized The Beverly to be “the long time unmet need” of the city, and how it is the city’s ultimate goal to ensure that housing is affordable to all. He believes that the diversity in housing would attract more families as well as more companies, creating a more stable residence.
The Beverly received nearly 6,000 applications for The Beverly housing lottery that was held in the fall of 2017, while the building was still under construction. The building was completed in early 2018, and is expected to reach full occupancy this summer.